The CEO of American Bullion is Mr. Brian Orkan Ozkan. Mr. Ozkan previously operated a company called “Tiger Financial” at the same address that American Bullion now occupies. According to the National Futures Association, Mr. Ozkan and Tiger Financial were involved in “deceptive and misleading sales solicitations”.

The complaint alleged that “Tiger Financial had approximately 3,300 customers during 2005 and 2,900 during 2006. 84% of its clients suffered net losses in 2005 and 91% of them experienced net losses in 2006. Collectively, those customers experienced net losses of $39.7 million during the 2 year period while the firm generated $23.7 million in commissions.”

Mr. Ozkan was reportedly suspended from the National Futures Association, along with several fellow staff members (Eric M. Golub, Ramon Chalis, Ameet Andhari, Dustin S. Smith, James A. Spear, Darcus O. Young and Christopher Brueck).

Here is an American Bullion customer review about their numismatic products (from the BCA):

“I feel that Am. Bullion, Inc. took advantage of me to make a sale. I am a 70 yr/old pastor who was led to believe I was buying gold at a fair price… …I was under the impression that I was investing my retirement savings in gold and silver at a fair market price. Upon receiving the order confirmation, I realized that I was charged $2,625.00 per ounce for proof sets of Gold Eagles. Although it was never made clear to me that I was buying proof sets, the market price for this gold on October 1, 2011 was approximately $1,700.00 per ounce. I was shocked when I realized that I had invested $90,681.03 in gold and silver that was worth only $60,036.00.”

Consumers should be aware of numismatic coins, as they are collector coins that can be subject to larger markup percentages. Bullion is much more common, and the prices are lower than numismatics. Some companies recommend numismatics, and they can charge more money for these coins, based on limited quantities.

Here are some more customer reviews of American Bullion services and products:

“My agent did a great job of getting me started. We talked a lot over the phone and he just gave me a good feeling, a sense of respect. I’m really excited to see the portfolio of gold and silver that I bought! – Rafael, New York“I saw an ad online for American Bullion, and after a long conversation I chose to work with them. My agent had great communication skills and answered all of my questions. Really happy about my new purchase!” – Brett, Illinois

American Bullion states on their website that their best sellers are American Gold and Silver Eagles (bullion), as well as American Gold and Silver Eagle Proofs (numismatic/collector coins).

Accreditations

According to their website, American Bullion is reportedly a member of the Professional Coin Grading Services (PCGS), the American Numismatic Association (ANA) and the Industry Council of Tangible Assets (ICTA). They are also a nationally listed dealer of the United States Mint.

Third Party Ratings

American Bullion has an AA rating with 9 complaints filed at the BCA (Business Consumer Alliance).

At the Better Business Bureau they maintain an “A” rating, with 4 complaints filed.